D.R. Horton (NYSE:DHI) Rating Lowered to “Neutral” at Bank of America

D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Monday, MarketBeat reports. They currently have a $150.00 target price on the construction company’s stock, down from their prior target price of $160.00. Bank of America‘s price target indicates a potential upside of 4.18% from the stock’s current price.

Several other equities research analysts have also weighed in on DHI. Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group lowered their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $170.20.

D.R. Horton Stock Performance

DHI opened at $143.98 on Monday. The stock’s 50 day simple moving average is $149.78 and its 200-day simple moving average is $169.31. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The stock has a market cap of $46.19 billion, a PE ratio of 10.18, a P/E/G ratio of 0.56 and a beta of 1.75. D.R. Horton has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton will post 13.87 EPS for the current year.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the fourth quarter worth $30,000. Finally, Grove Bank & Trust grew its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. Institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.